Loop (NASDAQ: LOOP) COO awarded 600,000 stock options vesting 2027–2028
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Loop Industries, Inc. granted Chief Operating Officer Adel Essaddam stock options as equity compensation. He received options covering 600,000 shares of common stock, split into awards for 200,000 and 400,000 underlying shares, each with an exercise price of $1.44 per share.
According to the footnote, these options will vest in equal parts on April 8, 2027 and April 8, 2028, as long as he remains employed through each vesting date. The options expire on April 8, 2033, giving him a long-term incentive tied to the company’s share price.
Positive
- None.
Negative
- None.
Insider Trade Summary
2 transactions reported
Mixed
2 txns
Insider
Essaddam Adel
Role
Chief Operating Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Stock options (right to buy) | 200,000 | $0.00 | -- |
| Grant/Award | Stock options (right to buy) | 400,000 | $0.00 | -- |
Holdings After Transaction:
Stock options (right to buy) — 200,000 shares (Direct)
Footnotes (1)
- [object Object]
Key Figures
Option grant 1 size: 200,000 options
Option grant 2 size: 400,000 options
Total underlying shares: 600,000 shares
+3 more
6 metrics
Option grant 1 size
200,000 options
Stock options (right to buy) with 200,000 underlying common shares
Option grant 2 size
400,000 options
Stock options (right to buy) with 400,000 underlying common shares
Total underlying shares
600,000 shares
Combined underlying Loop common stock from both option grants
Exercise price
$1.44 per share
Conversion or exercise price for both option awards
Vesting dates
April 8, 2027 & April 8, 2028
Options vest ratably in equal tranches on these dates
Expiration date
April 8, 2033
Expiration date for both stock option grants
Key Terms
Stock options (right to buy), exercise price, vesting, expiration date, +1 more
5 terms
Stock options (right to buy) financial
"security_title: Stock options (right to buy)"
exercise price financial
"conversion_or_exercise_price: 1.4400"
The exercise price is the fixed amount at which you can buy or sell an asset, like a stock, when using an options contract. It matters because it helps determine whether exercising the option will be profitable or not, depending on the current market price. Think of it as the set price you agree on today to buy or sell later.
vesting financial
"This option will vest and become exercisable ratably in equal tranches"
Vesting is the process by which you earn full ownership of something, like company stock or a retirement benefit, over time. It’s like earning the right to keep a gift piece by piece the longer you stay with a company, making sure employees stay committed before they receive all the benefits.
expiration date financial
"expiration_date: 2033-04-08T00:00:00.000Z"
The expiration date is the deadline after which a financial contract, such as an option or a futures agreement, is no longer valid or can be exercised. It matters to investors because it determines the timeframe during which they can take action or benefit from the contract, similar to how a coupon or a food item has a limited period of usefulness. Once the expiration date passes, the contract loses its value or ability to be used.
grant, award, or other acquisition financial
"transaction_code_description: Grant, award, or other acquisition"
FAQ
What equity award did Loop (LOOP) grant to COO Adel Essaddam?
Loop granted Adel Essaddam stock options covering 600,000 shares of common stock as compensation. The award consists of one 200,000-share option and one 400,000-share option, both with a fixed exercise price of $1.44 per share.
At what exercise price were the new Loop (LOOP) options granted?
The options granted to Adel Essaddam carry an exercise price of $1.44 per share. This means he can buy Loop common stock at $1.44 once the options vest, potentially benefiting if the market price rises above that level.
When do Adel Essaddam’s Loop (LOOP) stock options vest?
The options will vest in equal tranches on April 8, 2027 and April 8, 2028. Vesting is conditioned on Essaddam continuing to be employed by Loop through each vesting date, aligning his incentives with longer-term company performance.
When do the newly granted Loop (LOOP) options to the COO expire?
The stock options granted to Adel Essaddam expire on April 8, 2033. After that date, any unexercised options become worthless, so the potential benefit is limited to the period ending on this expiration date.
Are Adel Essaddam’s new Loop (LOOP) options an open-market purchase or compensation grant?
The Form 4 shows a grant/award acquisition, coded as transaction type A, indicating a compensation grant. These are stock options (right to buy) issued by Loop, not shares bought by Essaddam in the open market.